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Cash App's bitcoin fee cuts traded margin for a cheaper on-ramp
Block's SEC-filed Q1 letter shows Bitcoin Ecosystem gross profit down 26% year over year. The result exposes the economic choice behind cheaper retail trading.
2 min readBusiness · DataTeraWulf's filed numbers already show a data-center company replacing a miner
HPC leasing supplied 62% of first-quarter revenue while bitcoin output more than halved. A later Anthropic lease extends the pivot, but its long-dated contract value is not current revenue.
2 min readBusiness · AnalysisRobinhood found revenue beyond crypto. Coinbase still felt the spot cycle
Both companies reported weaker crypto activity in Q2. Robinhood replaced the missing revenue with event contracts, equities and interest income; Coinbase's newer lines did not yet absorb the decline.
3 min read